Sotera Health Co

Sotera Health Co (SHC) priced its initial public offering on Nov 23, 2020 at $23.00 per share, within its $20.00–$23.00 range, raising $1.07B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6.38B. J.P. Morgan was lead-left underwriter, joined by Credit Suisse, Goldman Sachs and Jefferies and others. Simpson Thacher advised the underwriters.

Sotera Health Co provides sterilization and microbiological and analytical lab testing and advisory services to the medical device and pharmaceutical industries. Its customers include more than 40 of the top 50 medical device companies and eight of the top ten pharmaceutical companies, in the United States and worldwide.

Status

IPO

Ticker

SHC

Exchange

Nasdaq Global Select

Priced

Nov 23, 2020

IPO price

$23.00

Price range

$20.00–$23.00

Raised

$1.07B

Market cap at IPO price

$6.38B

First filed

Oct 23, 2020

Underwriters

J.P. Morgan, Credit Suisse, Goldman Sachs, Jefferies, Barclays, Citigroup, RBC Capital Markets, KeyBanc, ING, Academy Securities, Loop Capital and Siebert Williams Shank

Underwriters' counsel

Simpson Thacher

Sector

Healthcare

Country / state

OH

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.